Average Buyers and Purchasing Agents Salary in Richmond, VA
Buyers and Purchasing Agents in Richmond, VA, earn an impressive average annual salary of $83,950, significantly outpacing the national average of $80,070. This elevated compensation is largely driven by the robust demand and specialized nature of procurement roles within the Richmond metropolitan area's diverse economic landscape.
Executive Summary
- Average Salary: $83,950 per year.
- Growth Trend: Salaries have shifted 9.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,520.
- Outlook: With a substantial local workforce of 4,090 individuals in this profession, Richmond demonstrates a strong presence of Buyers and Purchasing Agents. The Location Quotient of 1.98 indicates a concentration nearly double the national average, suggesting a robust and potentially growing job market with significant demand for these skilled professionals.
Salary Overview
The average Buyers and Purchasing Agents in Richmond, VA earns+4.8%above the national average.
$40.4
$1,614
$6,996
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Buyers and Purchasing Agents in Richmond have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for supply chain expertise, and evolving industry needs likely contribute to this upward salary trajectory.
Buyers and Purchasing Agents Salary Distribution in Richmond, VA
Career progression for Buyers and Purchasing Agents in Richmond is clearly reflected in salary potential. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles, signifying substantial earning potential as expertise grows.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,520 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,963 | $30.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,130 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,938 | $50.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,520 | $61.3 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$83,950
Gross Pay
Real Wage (Purchasing Power)
$83,950
Adjusted for COL (100)
The average annual salary of $83,950 in Richmond, VA, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Buyer or Purchasing Agent's salary in Richmond is equivalent to the national average, offering a stable financial standing without significant cost-of-living adjustments.
Job Market Context
4,090
Total Jobs
6.259
Per 1K Jobs
1.98
Location Quotient
Richmond, VA has 2.0x the national concentration of Buyers and Purchasing Agents jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.98 signifies that Buyers and Purchasing Agents are nearly twice as concentrated in Richmond, VA, compared to the national average. This suggests a highly active and competitive job market for these roles, where employers actively seek out talent, potentially leading to more opportunities and favorable negotiation leverage for candidates.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Buyers and Purchasing Agents Salary | $67,170↓ 20% | 41 mi |
| Northern West Virginia nonmetropolitan area Buyers and Purchasing Agents Salary | $75,070↓ 11% | 41 mi |
| Southwest Virginia nonmetropolitan area Buyers and Purchasing Agents Salary | $66,690↓ 21% | 41 mi |
| Northwest Virginia nonmetropolitan area Buyers and Purchasing Agents Salary | $72,330↓ 14% | 41 mi |
| Southern West Virginia nonmetropolitan area Buyers and Purchasing Agents Salary | $69,880↓ 17% | 41 mi |
Comparing salaries near Richmond, VA
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Richmond, VA?
The median annual salary for a Buyers and Purchasing Agents in Richmond, VA is $83,950. This typically ranges from $48,520 for entry-level positions to $127,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 4.8% higher than the national median of $80,070.
Is Richmond, VA a lucrative place for Buyers and Purchasing Agentss?
Yes, Richmond, VA offers a lucrative environment for Buyers and Purchasing Agents.The average salary of $83,950 is notably higher than the national average, and the strong concentration of these roles (LQ of 1.98) indicates significant local demand.
Is Richmond, VA a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($67,170) and Northern West Virginia nonmetropolitan area.
How does the number of jobs per 1,000 workers compare nationally?
With 6.259 jobs per 1,000 workers, Richmond demonstrates a higher concentration of Buyer and Purchasing Agent roles than the national average, reinforcing the strong local market.
What is the significance of the Location Quotient (LQ) for this role in Richmond?
An LQ of 1.98 means that Buyers and Purchasing Agents are almost twice as prevalent in Richmond compared to the rest of the United States, indicating a specialized and robust local industry for this profession.
Does Richmond offer a good cost of living for its salary levels?
Yes, with a Cost of Living Index of 100, Richmond's cost of living is exactly at the national average, meaning the $83,950 salary provides average national purchasing power.
How many Buyers and Purchasing Agents are employed in Richmond, VA?
There are approximately 4,090 Buyers and Purchasing Agents employed within the Richmond, VA area, contributing to the significant local workforce in this sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,090 employees in the Richmond, VA area with a job density of 6.259 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Buyers and Purchasing Agents • Data source: BLS OEWS 2024 •Jobs in Richmond, VA